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Thriving in a Multi-Generational Law Firm: How to Increase Communication and Collaboration Among Lawyers

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Law students and junior lawyers on occasion have had to defend themselves – and their entire generation – during job interviews, where there are jibes (however gentle) about “all young people” not coping with modern life, or belittling responses when they discuss resilience, along the lines of “it’s not as tough as when I were a lad/lassie” or similar.

How do we work at retaining the interest and loyalty of our staff so as to retain the talent we need to succeed? It becomes five if we add those fit and able and working who are in their mid-70s and beyond, who belong to the ’silent generation’. Approximately half of respondents believe it would be positive if multigenerational living became more popular. The answer seems to depend on the family member in question: Overall our respondents were most likely to be willing to take in their mothers, followed by their fathers and grandparents.

The most common reasons why a post-nup, rather than a pre-nup is entered into is that it was not thought about before the marriage, the couple simply ran out of time before the marriage to have a properly considered, negotiated and executed pre-nup drawn up (the Law Commissions recommendation is that the agreement should be entered into at least 28 days before a wedding) or there has been a change in financial circumstances (such as a gift or advanced inheritance) for one of the parties to the marriage.

com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else. These attitudes might be explained by self-interest: As the UK population ages, many individuals will struggle to live independently without some form of support. Importantly, Millennials grew up receiving ongoing feedback from parents, teachers and coaches, and they expect caring mentorship to continue into their professional careers. The good news, however, is that Millennials come to the workplace with an enthusiasm to contribute and make a real difference early in their careers. Very often the desire to have such an agreement in place comes from family in the background and when that is the case, a delicate balance needs to be struck between keeping all future relationships intact but achieving the required agreement.

They are much more common than they were a decade ago and increasingly, clients are looking to prepare pre-nups to give them more certainty about their financial rights and obligations if the marriage breaks down and also to tackle financial, tax and succession planning. Her clients have included lawyers from the silent generation, baby boomers, Gen Xers, millennials and Gen Z. If I can help a Gen X or Boomer partner understand how to connect with a younger associate, then that improved working relationship benefits the firm. Baby boomers were also willing to host multigenerational arrangements: 86% said they’d be willing to let their grandchildren move in. Sydney’s dad has been the main inspiration to her interest in this future, both professionally and personally.

But among those who had lived in multigenerational homes, just 49% of these individuals reported this benefit.A Millennial States: Boomers are reluctant to use technology: In another case, a millennial told us that he sees a way in which work – and favors – can be more effectively communicated.

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